Low Doc Business Purpose Loans Up to 80% LTV

Saturday, June 17, 2017 - Article by: Anna N. Ryan - Platinum Mortgage Company -

Check Out Other Niche Programs:

NEW INTEREST ONLY now on our NON PRIME program
NEW ITIN program
NEW 12 month BANK STATEMENT program
STATED (NO INCOME) to 2 MILLION
NEW ATR in FULL with qualifying just on the assets alone - NO income & NO job verification - A NO DOC
Loan amounts up to $3 MILLION
Up to 90 % LTV NO MI (use 24 months of business or personal bank statements, or assets as income)
Can use asset depletion income with bank statement or full doc program to get under 50% DTI
Stated to 75% LTV non-owner (NO income verification)
1 DAY out of SHORT SALE, BANKRUPTCY AND FORECLOSURE OK
No reserves required ON majority of our programs
higher DTI's than conventional loans
Gift of Funds OK for OWNER OCCUPIED and NON OWNER OCCUPIED (can be for FULL DOWN payment)
Late mortgage payments in the last 12 months are OK
Non-Owner or 2nd homes to 75% LTV Purchase and up to 70 LTV for REFI
Stated owner occupied cash out for business purpose loan only
Non-warrantable condo's (loans for condo's that Fannie and Freddie will NOT purchase)
No pre-payment penalty on all programs & INTEREST ONLY option
FICO scores down to 500 (and below on exception)
Can finance someone who owns 20 properties!
going up to 75 LTV on our STATED (No income verification) loans
going up to 75 CLTV on our 2nd MTG product
going up to 75 LTV on our 2nd HOME product
going up to 70 LTV for our TRUE FOREIGN NATIONAL program - STATED
STATED NO INCOME FOREIGN NATIONAL now to 2 MILLION